At $17.3 milllion, Q4 2024 net loss is up 28 percent from the previous quarter, as homes acquired dipped 9 percent to 384, homes sold fell 18 percent to 503, and profits on each sale fell by 24 percent..
Category: Industry News
Realtor.com moves headquarters from Santa Clara to Austin, Texas
Six years after opening an office in Austin, Realtor.com is making the space its new headquarters. The company said it has more than 400 employees in Texas and now plans to add “hundreds more.”
Fund services for homeless with transfer fees: Colorado lawmaker
Colorado State Representative Manny Rutinel has introduced a bill that would allow county clerks and recorders to give documentary fees to fund short and long-term housing for the homeless.
Turmoil for Las Vegas Realtors erupts with leadership shakeup
Chaos carried into the new year with the abrupt resignations of two past presidents. In response, 2025 President-Elect George Kypreos released a video addressing concerns with the association.
EXp World Holdings sells Virbela, the firm that made its virtual world
The sale, to Virbela’s cofounders Alex Howland and Erik Hill, closed at the end of November. It comes at a time when virtual worlds and the metaverse have waned as a topic of excitement.
Fathom Realty hires eXp vet Andrew Shock as new ops chief
Organizational change will allow DeJane Kerr, Fathom Realty’s senior vice president of compliance, to focus on brokerage compliance, parent company says.
Embattled sale-leaseback platform EasyKnock closes its doors
Facing lawsuits and enforcement actions by attorneys general in several states, the company said Thursday it would shut down about two weeks after being sued by Connecticut’s Attorney General.
Compass rolls out second-home-focused network for agents
Compass Resort aims to provide referrals, collaboration and other resources to agents who work with clients focused on vacation properties and secondary homes.
Opendoor lays off 300 workers after posting $78M Q3 loss
The San Francisco-based iBuyer bought and sold more homes during Q3 than it did a year ago and trimmed its net loss by 14 percent from Q2 and 26 percent from a year ago.
EXp punches back over criticism of ‘sweetheart’ commission deal
The virtual brokerage argued Tuesday that it’s settlement wasn’t too small, and asked a court to reject attempts to force it back to the negotiating table.